"We are now in the midst of a wholesale retreat in prices for virtually every commodity I follow save cheese. Grains, hogs, cattle, poultry, they are all getting hammered. The building blocks of the American diet are tumbling down in price," he said.

Jacek Sopotnicki | iStock / 360 | Getty Images

Cramer believes the sudden increase in supply of chickens, due to Putin, amplified what he believes was a glut of commodities broadly. In turn, prices tumbled.

Although that's a headwind for farmers, for most Americans it's a very bullish tailwind. The cost of food shouldn't go up, and could go down substantially. In turn millions of Americans may find themselves with a little extra money in their wallets.

To make matters that much more bullish, Cramer believes lower prices in other areas of the market could also generate a virtuous spiral.

"We're experiencing an unexpected decline in gasoline despite the summer driving season and geopolitical turmoil," Cramer said. Also, mortgage rates are declining, making homes that much more affordable.